NPORT-EX 2 iShares_MSCI_Brazil_ETF.htm iShares MSCI Brazil ETF

Schedule of Investments  (unaudited) 

November 30, 2019

   

iShares® MSCI Brazil ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Aerospace & Defense — 0.8%

 

  

Embraer SA

     17,796,187     $ 75,758,902  
   

 

 

  
Banks — 5.4%            

Banco Bradesco SA

     21,997,248       162,574,557  

Banco do Brasil SA

     20,381,187       230,453,031  

Banco Santander Brasil SA

     10,559,875       110,136,577  
   

 

 

  
          503,164,165  
Beverages — 4.4%            

Ambev SA

     95,527,255       407,792,009  
   

 

 

  
Capital Markets — 4.7%            

B3 SA — Brasil, Bolsa, Balcao

     35,062,277       395,707,934  

Banco BTG Pactual SA

     2,654,500       44,102,506  
   

 

 

  
          439,810,440  
Containers & Packaging — 0.9%        

Klabin SA

     19,187,800       80,412,415  
   

 

 

  
Diversified Consumer Services — 1.0%        

Cogna Educacao

     37,017,619       89,735,968  
   

 

 

  
Electric Utilities — 2.0%            

Centrais Eletricas Brasileiras SA

     6,605,200       54,409,364  

Energisa SA

     2,491,300       27,091,260  

Equatorial Energia SA

     22,530,500       109,980,257  
   

 

 

  
          191,480,881  
Electrical Equipment — 1.7%        

WEG SA

     21,681,981       155,988,426  
   

 

 

  
Food & Staples Retailing — 2.2%        

Atacadao SA

     11,604,100       51,621,957  

Raia Drogasil SA

     5,927,000       158,383,211  
   

 

 

  
          210,005,168  
Food Products — 3.2%        

BRF SA(a)

     14,473,750       125,284,216  

JBS SA

     26,560,007       178,896,720  
   

 

 

  
          304,180,936  
Health Care Providers & Services — 1.0%        

Hapvida Participacoes e Investimentos SA(b)

     2,195,500       28,921,635  

Notre Dame Intermedica Participacoes SA

     4,668,300       62,589,203  
   

 

 

  
          91,510,838  
Independent Power and Renewable Electricity Producers — 0.7%  

Engie Brasil Energia SA

     5,870,043       64,929,620  
   

 

 

  
Insurance — 4.6%            

BB Seguridade Participacoes SA

     17,163,495       139,839,274  

IRB Brasil Resseguros S/A

     17,976,500       157,857,164  

Porto Seguro SA

     3,250,720       46,128,042  

Sul America SA

     6,733,749       84,707,355  
   

 

 

  
          428,531,835  
Internet & Direct Marketing Retail — 0.9%  

B2W Cia. Digital(a)

     6,227,788       82,982,186  
   

 

 

  
IT Services — 0.7%            

Cielo SA

     33,986,296       62,694,962  
   

 

 

  
Metals & Mining — 9.2%            

Cia. Siderurgica Nacional SA

     17,606,769       52,300,220  

Vale SA(a)

     67,949,932       803,192,205  
   

 

 

  
          855,492,425  
Security   Shares     Value  
Multiline Retail — 4.6%        

Lojas Renner SA

     19,184,509     $ 235,025,321  

Magazine Luiza SA

     18,304,700       194,939,016  
   

 

 

  
          429,964,337  
Oil, Gas & Consumable Fuels — 6.6%        

Cosan SA

     4,890,950       71,832,177  

Petroleo Brasileiro SA

     61,247,669       451,937,486  

Ultrapar Participacoes SA

     18,920,510       97,593,909  
   

 

 

  
          621,363,572  
Paper & Forest Products — 1.3%  

Suzano SA

     13,751,130       125,403,489  
   

 

 

  
Personal Products — 0.9%            

Natura Cosmeticos SA

     10,776,430       84,411,078  
   

 

 

  
Pharmaceuticals — 0.8%            

Hypera SA

     9,677,300       76,213,630  
   

 

 

  
Real Estate Management & Development — 1.5%  

BR Malls Participacoes SA

     22,239,238       81,892,235  

Multiplan Empreendimentos Imobiliarios SA

     8,745,938       59,818,964  
   

 

 

  
          141,711,199  
Road & Rail — 3.4%            

Localiza Rent a Car SA

     14,511,431       154,576,272  

Rumo SA(a)

     27,768,490       160,438,997  
   

 

 

  
          315,015,269  
Specialty Retail — 0.7%            

Petrobras Distribuidora SA

     9,919,300       66,718,277  
   

 

 

  
Transportation Infrastructure — 1.4%  

CCR SA

     31,766,465       129,145,409  
   

 

 

  
Water Utilities — 1.3%            

Cia. de Saneamento Basico do Estado de Sao Paulo

     9,030,000       122,584,017  
   

 

 

  
Wireless Telecommunication Services — 0.8%  

TIM Participacoes SA

     23,989,125       76,818,758  
   

 

 

  

Total Common Stocks — 66.7%
(Cost: $4,397,057,944)

 

     6,233,820,211  
   

 

 

  

Preferred Stocks

    

Banks — 19.5%

    

Banco Bradesco SA, Preference Shares, NVS

     86,222,046       680,469,615  

Itau Unibanco Holding SA, Preference Shares, NVS

     104,822,947       862,719,901  

Itausa-Investimentos Itau SA, Preference Shares, NVS

    87,426,627       274,377,726  
   

 

 

  
          1,817,567,242  
Chemicals — 0.4%            

Braskem SA, Class A, Preference Shares, NVS

     5,103,556       33,783,916  
   

 

 

  
Diversified Telecommunication Services — 1.6%  

Telefonica Brasil SA, Preference Shares, NVS

     11,277,864       150,031,892  
   

 

 

  
Electric Utilities — 1.4%            

Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS

     6,941,946       58,989,220  

Cia. Energetica de Minas Gerais, Preference Shares, NVS

     24,971,370       77,070,307  
   

 

 

  
          136,059,527  
Food & Staples Retailing — 0.9%        

Cia. Brasileira de Distribuicao, Preference Shares, NVS

     4,233,464       80,257,899  
   

 

 

  
 

 

 

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Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Brazil ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Metals & Mining — 1.2%  

Gerdau SA, Preference Shares, NVS

     27,221,126     $ 109,443,309  
   

 

 

  
Multiline Retail — 1.1%  

Lojas Americanas SA, Preference Shares, NVS

     20,246,517       106,684,105  
   

 

 

  
Oil, Gas & Consumable Fuels — 6.5%  

Petroleo Brasileiro SA, Preference Shares, NVS

     88,312,983       608,831,789  
   

 

 

  

Total Preferred Stocks — 32.6%
(Cost: $2,147,549,038)

 

     3,042,659,679  
   

 

 

  

Rights

    

Electric Utilities — 0.0%

 

  

Centrais Eletricas Brasileiras SA,
(Expires 12/17/19)(a)

    1,305,696       40,144  
   

 

 

  

Total Rights — 0.0%
(Cost: $0)

 

     40,144  
   

 

 

  

Short-Term Investments

 

  

Money Market Funds — 0.2%

    

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    1.57%(c)(d)

     15,364,000       15,364,000  
   

 

 

  

Total Short-Term Investments — 0.2%
(Cost: $15,364,000)

 

     15,364,000  
   

 

 

  

Total Investments in Securities — 99.5%
(Cost: $6,559,970,982)

 

     9,291,884,034  

Other Assets, Less Liabilities — 0.5%

 

     46,551,226  
   

 

 

  

Net Assets — 100.0%

     $   9,338,435,260  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c) 

Affiliate of the Fund.

(d) 

Annualized 7-day yield as of period-end.

 

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended November 30, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   

Shares

Held at
08/31/19

      Net Activity     

Shares

Held at
11/30/19

      Value at
11/30/19		      Income      Net Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      5,634,000        9,730,000        15,364,000      $ 15,364,000      $ 79,784      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

Futures Contracts

 

Description    Number of
Contracts		     

Expiration

Date

      Notional
Amount
(000)		     

Value/

Unrealized
Appreciation

(Depreciation)

  

Long Contracts

            

MSCI Brazil Index

      890        12/20/19      $ 49,408      $ (2,258,898 ) 
           

 

 

  

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

 

 

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Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Brazil ETF

 

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of November 30, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Investments

                  

Assets

                  

Common Stocks

    $ 6,233,820,211        $ —        $ —        $ 6,233,820,211  

Preferred Stocks

      3,042,659,679          —          —          3,042,659,679  

Rights

      40,144          —          —          40,144  

Money Market Funds

      15,364,000          —          —          15,364,000  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 9,291,884,034        $ —        $ —        $ 9,291,884,034  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                  

Liabilities

                  

Futures Contracts

    $ (2,258,898 )       $                     —        $                     —        $ (2,258,898 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Shown at the unrealized appreciation (depreciation) on the contracts.

 

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

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